Member Info for Newuncle

IMO

This will not be coming back as PPP plc before 5 July 2025

> No accounts will be issued

> No business updates will be offered

> No website provided

Post 5 July, once extra shares have been secured, there will be further updates on the business, funding etc

So you wither vote YES or NO based on what we actually know here and views on the people involved at Executive level

Chairman - Multiple RNS updates that delivered zero except for Execs and Other Lenders

CEO - One RNS in 6 months which was just guff anyway

Non-Exec - FA ever

Affrm,

About time you gave some details in your posts please as we are ALL in the same boat now, enough of the games and winding up people on here with claims about TGM actions, show us what you actually mean.

> Further info was released by some very well researched shareholders.

> A lot of hard work is going on behind the scenes.

> EGM time I think.

Fyi

An RTO (Reverse Take-Over) allows you to take a short-cut in going public. All you need to do is to find an already public company which has fallen on hard times such as a mining company which is inactive with virtually no assets or liabilities. Its real asset is its listing status. Let's say that MP Resources Inc., an inactive mining "shell", has 10 million shares issued. It can be "taken over" by your Company, Supertech Inc., (fictional names) by issuing, for example, 90 million new treasury shares. The shareholders of Supertech now effectively own 90% of MP Resources and hence now control MP. This is often referred to as a "back-door" listing because you can escape some of the red-tape associated with an IPO.

Where on earth did you get that from?

Surely not true or even possible.....will stuff cannot be so

Pennpetro (LSE: PPP) is pleased to announce that it has agreed to enter into a Convertible Loan Note Facility with GEM Global Yield LLC SCS ("GEM") for a total of £1,000,000 ("CLNF").

So that's saying they intend to enter into a CLIN agreement to access up to £1m.

Upon Closing, the Company will be able to draw down £150,000 ("Initial Tranche") by issuing GEM Convertible Loan Notes. Subsequent tranches are subject to certain milestones, including the re-trading of the Company's shares on the London Stock Exchange.

Upon Closing....ie not done yet and still to be confirmed so they can access £150,000 BEFORE share trading is resumed. They can't resume trading until the accounts are signed off so what's the £150,000 for exactly?

Paying off even more creditors?

Vic,

And that's exactly right and a view echoed by many here.

There was simply no need for that last RNS to issued now and certainly not before the accounts had been published.

It is because of that that sentiment has yet swung back into the negative after the previous RNS which was much better received.

Zag,

Always open to any views here, please share yours, I am genuinely interested btw.

I have been involved with several PLCs over the years and seen others do exactly what I have described btw so I do have experience of such actions.

Here's just one from C4XD

The Company has received irrevocable undertakings from Richard Griffiths, Polar Capital LLP and the Directors, and a non-binding letter of intent from Lombard Odier as set out below, representing approximately 57.0 per cent. of the Company's issued share capital, to vote in favour of the Resolutions.

Dr Clive Dix, CEO of C4X Discovery, said: "We have not taken this decision lightly, however, following an extensive review and deliberation to ascertain the most effective way to maximise Shareholder value in the longer term and increase the potential for the long-term success of the Company, the Board has unanimously concluded that it is in the best interests of the Company and our Shareholders to delist from AIM and re-register as a private limited company.

Despite delivering on our strategy including three major deals with leading pharmaceutical companies demonstrating our scientific expertise and deal making capabilities, the recent downturn in the financial markets has adversely impacted our share price, and with it, our future ability to raise funds in the public markets. The Board believes the current public market valuation does not reflect the underlying potential of our business or our achievements to date and that this is unlikely to change in the short-to-medium term. We believe that we can potentially access a larger quantum of future funding required to accelerate our strategy as a private company and therefore we believe that a cancellation of the Company's admission on AIM is in the best interest for Shareholders and for the future of our business as a whole."

Obvious really that Lunn's 1st priority is the land grab for himself and other related parties.

That's why the accounts will not be issued before 5 July because he has zero intention of doing that.

Once has secured his extra 62 m shares he will issue an update saying that despite their best efforts the Gang of 3 Execs feel they cannot continue to remain listed PLC whilst the share are suspended. Due to the length of time that has passed and lack of progress the BoD has decided that PPP plc will be delisted on xx date as raising funds in current market is too expensive and would significantly dilute all shareholders. Instead shareholders will be offered a JP Jenkins trading facility which is 100% useless in reality as the company moves to finding private funding (who knows from GV even).

It's all conjecture my part of course.

Going off market removes any required accounts, get private backing and offer shareholders JP Jenkins facility. No reporting requirements. Management keep their salaries etc.

The clin announcement is just window dressing and won't be taken up, management will claim excessive dilution would not be interests of shareholders. Remember the Dutch auction fiasco. This is the same BS

And the GEM shares to come at just 4p so it's obvious where the SP is likely to go to if it comes back from suspension

Not with a 50m seller around?

Agreed CPX and perhaps IRON which is a rare beast as a low value but debt free miner about to generate good incomes in the very near term ie weeks.

Hi spud

Seen this?

Together, Vitalcare Australia and CAP-XX Limited are showcasing the power of innovation in addressing societal challenges. We are improving aged care, advancing patient safety, and promoting sustainability, setting a benchmark for the future of healthcare technology

Mills

Cup formed handle next?

I think that the way it works is if you don't vote then the BoD use your shares as a YES towards the vote.

Feels like lunn is withholding info from the auditor until he is done with stake building, auditor cannot sign off without it

Concert Party being formed with a very large % here?

I agree he's playing all of us here delayed audit must be his doing until he is ready to make a move. Slowly increasing his control of the company.

Invictorium Limited holds 3,200,000 shares in Pennpetro Energy Plc (PPP), representing 3.79% of the total shares. These shares are held within the context of the ownership structure of Pennpetro Energy Plc, a public limited company (PLC).

Guys,

I was just venting but to have been down this road now for so long after that "amazing RNS" followed swiftly by suspension due to dodgy accounting just stinks. Whole thing feels like a house built on sand thanks to one (was it two) RNS last Summer released when PPP as sub £1m promised a secure long term future for the company, unique among small cap O&G listed PLCs, Lennigas pushed the social media side saying what an amazing deal it was, Evans ensured the RNS was going to be really well received. Mcap flew on the back of it.

Then it all stopped